58 Views

Top 5 Cities To Do Business In Nigeria

  1. [​IMG]

    For an entrepreneur to make his business a profitable venture, location of his business matters a lot. Businesses must be located at a place close to the market, labour, raw materials and a place that offers agglomerative tendencies.

    In the world generally, it is statistically proven that only 10 percent of business survive after ten years of creating them; and part of the reasons why 90 percent of businesses created pack off before ten years of creating them has to do with the location of such businesses.

    This article highlights the best five cities suitable for business location in Nigeria below:

    LAGOS

    Nigeria’s centre of excellence and commercial hub claims the number one spot when it comes to business location in Nigeria. Lagos has a population of 20 million inhabitants, as such, it offers a vast market for any business an entrepreneur has in mind to locate. Besides the population of Lagos, it possesses more developed business infrastructures compared to other parts of Nigeria.

    ABUJA

    Abuja, the nation’s Federal Capital Territory has a lower population than that of Lagos but its population increases by at least 35% every year and if projection is anything to go by, the city will soon catch up with Lagos in terms of population. Abuja is the city with the highest Per Capita Income in Nigeria. The highest Per Capita Income means that Abuja residents have the highest purchasing power in Nigeria so entrepreneurs can tap into this by locating their business there.

    KANO

    Despite the security unrest in the city, Kano is the commercial nerve centre of the northern part of Nigeria. Kano ranks second as far as population is concerned in Nigeria and is one of the fastest growing cities in Africa. The city offers a market for all types of products and major raw materials are available in the city and these rank the city 3rd as business location choice in Nigeria.

    PORT HARCOURT

    Number four city is the Rivers State Capital. Port Harcourt is one of the fastest growing Per Capita Income cities in Nigeria and the state houses some many expats which can be targeted by entrepreneurs as a market for their products. Statistics has it that a prudent entrepreneur can realise his business set up cost between 6 months and two years in this city.

    IBADAN

    The densely populated capital city of Oyo State ranks as one of the most populated cities in Nigeria. It is also one of the biggest cities in Nigeria. All the location factors tend to favour this city and besides that, the Governor of Oyo State in recent times made effort to woo foreign investors into the city. It is expected that the influx of foreign investment into the city will bring about vertical integration between local businesses and foreign businesses. In view of the above, businessmen need to be part of this trend by locating their businesses in the city of Ibadan.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Simidele Adeagbo Could Become Africa’s First Woman Skeleton Athlete At The 2018 Winter Olympics
Best of Nigeria
35 views
Best of Nigeria
35 views

Simidele Adeagbo Could Become Africa’s First Woman Skeleton Athlete At The 2018 Winter Olympics

PH - December 18, 2017

Just like the bobsled team, Simidele Adeagbo will be making history as the first African woman representing Nigeria as a Skeleton Athlete at the 2018 Winter Games…

Here Are The 10 Women Who Won At The 12th Edition Of The Future Awards
Best of Nigeria
33 views
Best of Nigeria
33 views

Here Are The 10 Women Who Won At The 12th Edition Of The Future Awards

PH - December 18, 2017

The 12th edition of The Future Awards 2017 held on December 9th, 2017 and it witnessed 10 wins from women out of 21 categories. With the mandate…

Mercy Makinde Talks About The Culture Of Domestic Violence In Nigeria
Nigerian Women
36 views
Nigerian Women
36 views

Mercy Makinde Talks About The Culture Of Domestic Violence In Nigeria

PH - December 18, 2017

Survivor and now an advocate, Mercy Makinde talks about the culture of domestic violence in Nigeria and how women are constantly attacked as the cause. Acknowledging that…

How Insurance Can Save Your Life
How Tos
37 views
How Tos
37 views

How Insurance Can Save Your Life

PH - December 18, 2017

Have you ever thought about what would happen if you were unable to work due to injury or sickness? Imagine what your family’s life would be like…

Former Arsenal Player, Thierry Henry, Crowned ‘Igwe of Football’ in Lagos
Featured
51 views
Featured
51 views

Former Arsenal Player, Thierry Henry, Crowned ‘Igwe of Football’ in Lagos

PH - December 18, 2017

Former Arsenal and France international striker Thierry Henry who is in Lagos for the Guinness Made of Black programme has been crowned the, Igwe of football’ in Nigeria.…

Super Falcons End 2017 As Africa’s Best Women Team
Sports
48 views
Sports
48 views

Super Falcons End 2017 As Africa’s Best Women Team

PH - December 18, 2017

Football governing body, FIFA, has released its end-of-year international ranking of Women’s National Teams, with the Super Falcons of Nigerian the top ranked team in Africa. In…

Former Senate President, David Mark Reveals Why He Was Invited By EFCC
Politics
51 views
Politics
51 views

Former Senate President, David Mark Reveals Why He Was Invited By EFCC

PH - December 18, 2017

Former Senate President, Senator David Mark has broken silence on his recent invitation to the headquarters of the Economic and Financial Crimes Commission, EFCC, in Abuja. Reports…

Estate Agent Who Helped Diezani Buy Properties In UK ‘Arrested’
Politics
53 views
Politics
53 views

Estate Agent Who Helped Diezani Buy Properties In UK ‘Arrested’

PH - December 18, 2017

An estate agent who assisted ex-minister, Diezani Alison-Madueke, to buy properties in the UK has been arrested in Lagos. According to Premium times, Adeyemi Edun was detained…

TRENDING: Sultan of Sokoto Reacts to Hijab Ban
Politics
63 views
Politics
63 views

TRENDING: Sultan of Sokoto Reacts to Hijab Ban

PH - December 18, 2017

Sultan of Sokoto, Dr. Mohammad Sa’ad Abubakar has reacted to the raging controversy over Hijab. He decried the controversy, stating that Hijab simply meant decent dressing for…

Actor Yul Edochie Bags Chieftaincy Title (Photos)
Art, History and Culture
69 views
Art, History and Culture
69 views

Actor Yul Edochie Bags Chieftaincy Title (Photos)

PH - December 18, 2017

Nollywood actor turned Politician, Yul Edochie, has been conferred with a chieftaincy title just after he decamped from his political party to APGA (All Progressives Grand Alliance).  The actor…

Nigerian Lady Who Got Admitted to University at 26, Recounts Setbacks as She’s Set to Bag a PhD
Inspiring
62 views
Inspiring
62 views

Nigerian Lady Who Got Admitted to University at 26, Recounts Setbacks as She’s Set to Bag a PhD

PH - December 18, 2017

A Nigerian lady and Twitter user, Aduke George, took to the platform to recount past setbacks that led to her being admitted into the University at the age of 26.…

Ara Hosts Diplomatic Communities For Screening Of ‘Osunfunke’
Art, History and Culture
86 views
Art, History and Culture
86 views

Ara Hosts Diplomatic Communities For Screening Of ‘Osunfunke’

PH - December 17, 2017

Ara, better known as the queen of drums, screened her new film ‘Osunfunke’ for diplomatic communities, and corporate Nigeria. The premiere event held recently in Oshogbo and was well…

OAP Nancy Isime Shares Success Story, Says She’s Never Afraid To Try
Entertainment
86 views
Entertainment
86 views

OAP Nancy Isime Shares Success Story, Says She’s Never Afraid To Try

PH - December 17, 2017

Nigerian OAP and host of Hip TV show “Trending“, Nancy Isime is celebrating her birthday today and few hours prior, she took time out to reflect on her life and journey…

‘Why I Killed For Politicians’ – Confession of 25-Year-Old Ex-cultist (Photo)
Shocking
184 views
Shocking
184 views

‘Why I Killed For Politicians’ – Confession of 25-Year-Old Ex-cultist (Photo)

PH - December 17, 2017

He used to be Nigerian politicians’ Man Friday, the ultimate Mr. Fixer in our murky world of politics. He used to kill and maim for them, at…

Photos: Desmond Elliot Shows Up At Constituency As Santa Claus To Share Gifts
Entertainment
97 views
Entertainment
97 views

Photos: Desmond Elliot Shows Up At Constituency As Santa Claus To Share Gifts

PH - December 17, 2017

We are already in the season of sharing and Nollywood actor turned Politician, Desmond Elliot is already putting smiles on faces of people of his constituency. The actor turned up…

How Alleged Killer Wife Maryam’s Mum, Brother, Househelp Tried To Hide Evidence – Police
Shocking
144 views
Shocking
144 views

How Alleged Killer Wife Maryam’s Mum, Brother, Househelp Tried To Hide Evidence – Police

PH - December 17, 2017

The Nigerian Police Force, yesterday, alleged before an Abuja High Court at Jabi that family members of Maryam Sanda, wife of murdered son of erstwhile Chairman of…

Agriculture: Ogun State Government To Start Sale Of Mass Ofada Rice (Photos)
Agriculture and Farming
88 views
Agriculture and Farming
88 views

Agriculture: Ogun State Government To Start Sale Of Mass Ofada Rice (Photos)

MT - December 17, 2017

The Ogun State Government mass produced Ofada rice, is to be ready for sale to the public this Christmas season in all the Local Government and Local…

2019 Election: Fr. Mbaka Refutes Claims ‘God Has Not Revealed Anything About Atiku’
Politics
90 views
Politics
90 views

2019 Election: Fr. Mbaka Refutes Claims ‘God Has Not Revealed Anything About Atiku’

MT - December 17, 2017

The Spiritual Director, Adoration Ministry, Enugu Nigeria, Rev. Fr. Ejike Mbaka has disowned media reports, which quoted him as saying that former Vice President, Alhaji Atiku Abubakar…

Loading...